Resources from Fast Profits in Hard Times

10 Secret Strategies

to Make You Rich in an Up or Down

Economy

By JORDAN E. GOODMAN

Chapter 1: Profit from Unpaid Taxes

Investing in Tax Lines and Deeds: Does Our State Sell Liens or Deeds?

Here is a list of the twenty-one states (plus the District of Columbia) that sell tax liens, along with the statutory interest on these liens. I have noted which states use penalties—flat fees that, unlike interest, are not calculated over time. Also, please note these interest rates DO NOT take into account the possible impact of bid-down-the-rate or premium bidding, both of which can reduce the actual interest you earn.

Alabama 12%

Arizona 16%

Colorado 9% plus Federal Discount Rate, rounded to nearest full percent

Florida 18%

Illinois 18% penalty every six months

Indiana 10–25% (depending on length of default)

Iowa 24%

Kentucky 12%

Maryland 6–24%

Mississippi 18%

Missouri 10%

Montana 10% plus 2% penalty

Nebraska 14%

New Hampshire 18%

New Jersey 18%

North Dakota 9–12%

Oklahoma 8%

South Carolina 9–12%

Vermont 6–12%

West Virginia 12%

Wyoming 18% plus 3% penalty

District of Columbia 12%

Deed States

The following are deed states. Go to a tax foreclosure sale in these states and you will be bidding on the deed to the property itself. Alaska

Arkansas

California

Idaho

Kansas

Maine

Michigan

Minnesota

Nevada

New Mexico

New York (New York City sells tax liens, but not to the general public)

North Carolina

Ohio

Oregon

Utah

Virginia

Washington

Wisconsin

Deed States with Redemption Periods

The following states fall somewhere between lien and deed states. You are purchasing the deed to the property itself, as in a deed state, but the former homeowner still has a redemption period within which to buy it back. If this occurs, the redeeming property owner must pay interest to the deed holder. Here is a list of deed states with redemption periods, along with their interest rates for repayment.

Connecticut 18%

Delaware 15% penalty

Georgia 10–20% penalty (20% after the deed holder has served notice of intent to foreclose on the redemption period) Hawaii 12%

Louisiana 12% plus 5% penalty

Massachusetts 16%

Pennsylvania 10%

Tennessee 10%

Texas 25% penalty every six months

Books and Web Sites

Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time, 2nd Edition, by Larry B. Loftis (Kaplan, 2007). Having bought liens or deeds in ten states, and attended auctions in another four, Larry is most likely the top national expert who writes on this form of investing. His book lays out the entire process for tax lien and deed investing, how to do your research, how to avoid risks, addresses legal issues (he’s an attorney), provides a comprehensive list of all fifty states (illustrating how each state runs bidding, the interest rate, redemption period, and sale dates), and provides an appendix with sample county registration forms and rules. Association for Optimum Achievement: www.gettaxlien.com This company offers a complete course on tax liens and deeds, including a guidebook, action manual, nationwide directory of tax liens by county, and an audio CD course. The company offers an online listing of upcoming auctions, including contact information at each county. Taxlienauthority: www.taxlienauthority.com This company offers a complete course about tax liens, including a reference guide on liens, deeds and forms, a DVD titled “Making It Big with Tax Liens,” and an audio CD course. You can also find out more by calling 877-265-5580. TaxSale.com: www.taxsale.com This site is free to join and is an outstanding and reliable source for tax lien and deed information. It’s an online community for both tax lien and deed investors and counties selling these products. Sign up to find information about sales near you and Internet sales across the country. The National Association of Counties (NACo): www.naco.org NACo’s Web site is a convenient way to find contact information for most counties in the United States. From the home page, click on “About Counties” and then select “Find a County.”

Chapter 2: Build Wealth Fast with Below-Market-Value Real Estate

Books, Web Sites, and Courses

Buy Even Lower: The Regular People’s Guide to Real Estate Riches by Andy Heller and Scott Frank (Kaplan, 2006). A detailed overview of buying real estate below market value by pros who’ve spent decades doing just that, covering pre-foreclosure, foreclosure, and REO opportunities, as well as tax liens and deeds. The Complete Idiot’s Guide to Buying Foreclosures by Ted Beitler and Bobbi Dempsey (Alpha, 2005). Thoroughly covers foreclosures, pre-foreclosures, and REO sales, and also gives details on how to find and buy properties from government agencies. Robert Allen Institute: www.robertallenworkshop.com Robert Allen’s institute and instructors offer detailed information on every aspect of buying real estate below market value. It also offers enormous detail on how to structure a deal and how to buy real estate with little or no money down. J. G. Banks Institute: www.jgbanksinstitute.com Banks focuses on buying at probate, and this course is designed to teach you how to find and buy probate properties. National Real Estate Investors Association: www.nationalreia.com This is an affiliation of real estate investor groups and clubs. You can go through this site to find a real estate investment group in your area to network with experienced investors and learn which below-market-value techniques work best in your area. RealtyTrac: www.realtytrac.com A comprehensive site for finding foreclosure and FSBO (For Sale by Owner) listings in your area. REI Club: www.reiclub.com A huge informational site, including more than 500 articles about every aspect of real estate investing, written by a wide range of experts, as well as online chat and message boards where you can connect with other real estate investors.

Chapter 3: High Prices at the Pump? Cash In with Income Trusts and

Master Limited Partnerships Newsletters / Web Sites

Carla Pasternak’s & Paul Tracy’s High-Yield Investing Published by: StreetAuthority, LLC P.O. Box 83217 Gaithersburg, MD 20883-3217 301-762-3336 www.streetauthority.com This newsletter focuses entirely on income-oriented investing, including both income trusts and MLPs. It’s published monthly, and comes with mid-month updates, investment listings, and special reports. Full of good recommendations on which stocks or funds deserve your attention. Roger Conrad’s Canadian Edge Utility Forecaster Published by: KCI Communications, Inc. 7600A Leesburg Pike West Building, Suite 300 Falls Church, VA 22043 800-832-2330 www.kci-com.com Canadian Edge covers Canadian income trusts, while Utility Forecaster is entirely devoted to the utility industry, including MLPs. Both can help you gain an education in energy investing, and both offer solid advice about what to buy now. Canadian Association of Income Trust Investors (CAITI): www.caiti.info (Association) Several advocacy groups sprang up in the aftermath of Canada’s move to tax income trusts. Needless to say, their main objective was to change or mitigate the new taxation law. CAITI is an association for investors and, though it was brand-new as this book went to press, it is planning to provide a wide variety of services for investors, beyond legislative advocacy. For instance, CAITI says it will provide access to a resource library for its members. It’s inexpensive to join, and worth taking a look.

Top 20 Income Trusts

Here (in alphabetical order) are my top 20 selections for Canadian income trusts that have performed well over the years: A&W Revenue Royalties Income Fund is a limited-purpose trust. It invests solely in A&W Trade Marks Inc., which owns the A&W trademarks and licenses A&W Food Services of Canada Inc. to franchise and operate A&W restaurants. (TSE symbol T.AW.UN) 300-171 West Esplanade North Vancouver, BC V7M 3K9 Canada 604-988-2141 www.awincomefund.ca Acadian Timber Income Fund is an open-end, limited-purpose trust that is a supplier of primary forest products in eastern Canada and the northeastern United States. (TSE symbol T.ADN.UN) Suite 2050 Royal Centre 1055 West Georgia Street Vancouver, BC V6E 3R5 Canada 416-956-5154 www.acadiantimber.com Advantage Energy Income Fund is an open-end oil and gas royalty trust whose principal business is to indirectly acquire and hold interests in petroleum and natural gas properties and related assets throughout Canada. (NYSE symbol AAV) Petro-Canada Centre West Tower 3100 150-6 Avenue SW Calgary, AB T2P 3Y7 Canada 403-261-8810 www.advantageincome.com ARC Energy Trust is an oil and gas royalty trust that invests in all types of energy-business-related assets, including petroleum and natural-gas-related assets, and gathering, processing, and transportation assets. (TSE symbol T.AET.UN) 2100, 440-2nd Avenue SW Calgary, AB T2P 5E9 Canada www.arcenergytrust.com

Baytex Energy Trust is an open-end investment trust with heavy and light crude oil and natural gas operations. (NYSE symbol BTE) Suite 2200 205-5th Avenue SW Calgary, AB T2P 2V7 Canada 403-269-4282 www.baytex.ab.ca Canetic Resources Trust is a royalty trust engaged in the development and acquisition of oil and natural gas reserves in Western Canada. (NYSE symbol CNE) 1900, 255-5th Avenue SW Calgary, AB T2P 3G6 Canada 403-539-6300 www.canetictrust.com Canexus Income Fund is an open-end trust that produces sodium chlorate and chlor-alkali products in several plants located in Canada and one in Brazil, largely for the pulp and paper and water treatment industries. (TSE symbol T.CUS.UN) 801-7th Avenue SW Calgary, AB T2P 3P7 Canada 403-571-7300 www.canexus.ca Cargojet Income Fund is a provider of time-sensitive overnight air cargo service with a co-load network that constitutes approximately 50 percent of Canada’s domestic overnight air cargo capacity. (TSE symbol T.CJT.UN) 350 Britannia Road East Units 5 & 6 Mississauga, ON L4Z 1X9 Canada 905-501-7373 www.cargojet.com

Cineplex Galaxy Income Fund is an unincorporated, open-end, limited-purpose trust that operates movie theaters throughout Canada. (TSE symbol: T.CGX.UN) 1303 Yonge Street 2nd Floor Toronto, ON M4T 2Y9 Canada 416-323-6600 www.cineplex.com

Enerplus Resources Fund is an open-end investment trust producing oil and gas.

(NYSE symbol ERF) The Dome Tower Suite 3000 333-7th Avenue SW Calgary, AB T2P 2Z1 Canada 403-298-2200 www.enerplus.com Fording Canadian Coal Trust is an open-end mutual fund trust that mines and produces coal from its mines in Canada and the United States. (NYSE symbol FDG) 205-9th Avenue SE Suite 1000 Calgary, AB T2G 0R3 Canada 403-260-9800 www.fording.ca Harvest Energy Trust is an integrated energy trust with operations in the production, refining, and marketing of petroleum and natural gas. (NYSE symbol HTE) Suite 2100 330-5th Avenue SW Calgary, AB T2P 0L4 Canada 403-265-1178 www.harvestenergy.ca

The Keg Royalties Income Fund is an unincorporated open-end limited--purpose trust that owns the trademarks, trade names, operating procedures and systems, and other intellectual property (collectively, the Keg Rights) used in connection with the operation of Keg steakhouse restaurants and bars. (TSE symbol T.KEG.UN) 10100 Shellbridge Way Richmond, BC V6X 2W7 Canada 604-821-6416 www.kegincomefund.com Pengrowth Energy Trust is an energy trust producing oil coalbed methane and natural gas. (NYSE symbol PGH) Petro-Canada Centre East Tower 2900, 240-4th Avenue SW Calgary, AB T2P 4H4 Canada 416-362-8191 www.pengrowth.com Penn West Energy Trust is an open-end investment trust that acquires and develops petroleum and natural gas properties in Canada. (NYSE symbol PWE) Suite 2200 425 First Street SW Calgary, AB T2P 3L8 Canada 403-777-2500 www.pennwest.com Provident Energy Trust is an open-end investment trust created to hold all types of petroleum and natural-gas- and energy-related assets, including facilities of any kind, oil sands interests, electricity or power generating assets, and pipeline, gathering, processing, and transportation assets in Canada and the United States. (NYSE symbol PVX) 800 112-4th Avenue SW Calgary, AB T2P 0H3 Canada 403-296-2233 www.providentenergy.com

TimberWest Forest Corporation operates in the solid wood segment of the forest industry, engaged primarily in the harvesting and sale of logs. (TSE symbol T.TWF.UN) Suite 2300 1055 West Georgia Vancouver, BC V6E 3P3 Canada 604-654-4600 www.timberwest.com Total Energy Services Fund is an income trust that provides drilling and production services for oil and gas wells in Canada. (TSE symbol T.TOT.UN) 520-5th Avenue SW Suite 2410 Calgary, AB T2P 3R7 Canada 403-216-3939 www.totalenergy.ca

Vermilion Energy Trust is actively engaged in the business of oil and natural gas development, acquisition, and production in Canada, France, the Netherlands, and Australia. (TSE symbol T.VET.UN) 2800, 24th Avenue SW Calgary, AB T2P 0J4 Canada 403-269-4884 www.vermilionresources.com Yellow Pages Income Fund is a telephone directories publisher and the owner of the Yellow Pages, Pages Jaunes, and Walking Fingers & Design trademarks and is the official publisher of Bell Canada’s directories. (TSE symbol T.YLO.UN) 16 Place du Commerce Iles des Soeurs Verdun, QC H3E 2A5 Canada 514-934-2611 www.ypg.com

Master Limited Partners Interested in investing in MLPs? Here are some that have performed well over time:

AmeriGas Partners LP (APU) 460 North Gulph Road King of Prussia, PA 19406 610-337-7000 www.amerigas.com The nation’s largest propane company, serving over 1.3 million residential, commercial, industrial, agricultural, and motor fuel propane customers in nearly fifty states.

Atlas Pipeline Partners, L.P. (APL)

311 Rouser Road Moon Township, PA 15108 412-262-2830 www.atlaspipelinepartners.com Owns and operates natural gas pipeline gathering systems in eastern Ohio, western New York, and western Pennsylvania.

Boardwalk Pipeline Partners, LP (BWP) 3800 Frederica Street Owensboro, KY 42301 270-926-8686 www.boardwalkpipelines.com Engages in interstate transportation and storage of natural gas in the United States. Owns and operates two interstate pipeline systems with approximately 13,400 miles of pipeline.

Buckeye Partners LP (BPL) 9999 Hamilton Boulevard Breinigsville, PA 18031 610-904-4000 www.buckeye.com One of the largest independent refined petroleum products pipeline systems in the United States by volume, with approximately 5,400 miles of pipeline. Also owns and operates forty-nine refined petroleum products terminals in Illinois, Indiana, Massachusetts, Michigan, Missouri, New York, Ohio, Pennsylvania, and Wisconsin. Operates and maintains approximately 2,500 miles of pipeline under agreements with major oil and chemical companies.

Copano Energy LLC (CPNO) 2727 Allen Parkway Suite 1200 Houston, TX 77019 713-621-9547 www.copanoenergy.com Provides midstream natural gas services in the United States, including natural gas gathering and related compression and dehydration services, and natural gas processing in central and eastern Oklahoma and Texas’ Gulf Coast. Operates approximately 5,000 miles of natural gas gathering and transmission pipelines, as well as five natural gas processing plants.

Enbridge Energy Partners LP (EEP) 1100 Louisiana Street Houston, TX 77002 713-821-2000 www.enbridgepartners.com Provides crude oil and liquid petroleum gathering, transportation, and storage services in the United States. It also offers natural gas gathering, treating, marketing, transportation, and processing services.

Energy Transfer Partners LP (ETP) 2838 Woodside Street Dallas, TX 75204 214-981-0700 www.energytransfer.com Operates natural gas midstream, and transportation and storage businesses. The company owns and operates natural gas pipeline systems, and processing and treating plants through which it gathers, compresses, treats, blends, processes, and markets natural gas. It also transports natural gas from various natural gas producing areas through connections with other pipeline systems. In addition, the company operates natural gas storage facilities; and engages in the wholesale and retail of propane.

Enterprise Products Partners LP (EPD) 1100 Louisiana Street 10th Floor Houston, TX 77002 713-381-6500 www.epplp.com Provides services to producers and consumers of natural gas, natural gas liquids (NGL), crude oil, and petrochemicals in North America.

Ferrellgas Partners LP (FGP) 7500 College Boulevard Suite 1000 Overland Park, KS 66210 913-661-1500 www.ferrellgas.com Distributes propane and related equipment and supplies primarily in the United States. The company’s propane is used in residential and commercial buildings, space heating, water heating, cooking agricultural applications, irrigation, weed control, among other uses. The company also operates common carrier services, wholesale marketing of propane appliances and propane, and sells refined fuels and carbon dioxide.

Inergy LP (NRGP) 2 Brush Creek Boulevard Suite 200 Kansas City, MO 64112 816-842-8181 www.inergypropane.com Provides retail and wholesale propane supply, marketing, and distribution in the United States. It markets propane products under various regional brand names, including, among others: Arrow Gas, Blue Flame, Bradley Propane, Burnwell Gas, Country Gas, Dowdle Gas, Gaylord Gas, Hancock Gas, Highland Propane, Hoosier Propane, Independent Propane, Maingas, McCracken, Modern Gas, Moulton Gas Service, Northwest Energy, Ohio Gas, Pearl Gas, Pro Gas, Pulver Gas, United Propane, and Tru-Gas.

Linn Energy, LLC (LINE) JPMorgan Chase Tower 600 Travis Houston, TX 77002 United States 713-223-0880 www.linnenergy.com Engages in the development and acquisition of gas and oil properties in the United States. The company has oil and gas reserves in West Virginia, Pennsylvania, New York, Virginia, California, Oklahoma, and Texas.

Magellan Midstream Partners LP (MMP) One Williams Center Tulsa, OK 74172 918-574-7000 www.magellanlp.com Engages in transportation, storage, and distribution of refined petroleum products in the United States. Pipeline system transports petroleum products and liquefied petroleum gases from the Gulf Coast refining region of Texas through the Midwest to Colorado, North Dakota, Minnesota, and Illinois. The company owns and operates marine terminals, which are storage and distribution facilities that handle refined petroleum products, blendstocks, ethanol, heavy oils, feedstocks, crude oils, and condensates, as well as inland terminals that deliver refined petroleum products transported on common carrier interstate pipelines. The company’s ammonia pipeline system transports ammonia from production facilities in Texas and Oklahoma to terminals in the Midwest.

NuStar Energy LP (NS) (Formerly Valero LP) One Valero Way San Antonio, TX 78249 United States 210-345-2000 www.valerolp.com Engages in crude oil and refined product transportation, terminaling, and storage in the United States, the Netherland Antilles, Canada, Mexico, the Netherlands, and the United Kingdom.

Oneok Partners LP (OKS) 100 West Fifth Street Tulsa, OK 74103-4298 918-588-7000 www.oneokpartners.com Engages in the ownership and management of natural gas gathering, processing, storage, and interstate and intrastate pipeline assets, as well as natural gas liquids (NGLs) gathering and distribution pipelines, and storage and fractionators in the United States.

Rio Vista Energy Partners LP (RVEP) 820 Gessner Road Suite 1285 Houston, TX 77024 713-467-8235 www.riovistaenergy.com Engages in the purchase, transportation, and sale of liquefied petroleum gas (LPG). It owns and operates LPG terminal facilities in Brownsville, Texas, and in Matamoros, Tamaulipas, Mexico, as well as approximately twenty-three miles of pipelines, which connect the Brownsville Terminal Facility to the Matamoros Terminal Facility. The company primarily markets its LPG in the northeastern region of Mexico.

Suburban Propane Partners LP (SPH) 240 Route 10 West Whippany, NJ 07981 973-887-5300 www.suburbanpropane.com Engages in distribution and marketing of propane, fuel oil, and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The partnership serves approximately 1 million residential, commercial, industrial, and agricultural customers through approximately 300 locations in thirty states located primarily in the East and West Coast regions of the United States.

Teekay LNG Partners LP (TGP) Bayside Executive Park West Bay Street & Blake Road P.O. Box AP-59212 Nassau, The Bahamas 242-502-8820 www.teekaylng.com Provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. It transports various LPGs, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia. Owns and operates seven LNG carriers, one LPG carrier, and eight Suezmax-class crude oil tankers.

Terra Nitrogen Co. LP (TNH) Terra Centre P.O. Box 6000 600 Fourth Street Sioux City, IA 51102-6000 712-277-1340 www.terranitrogen.com Engages in the production and distribution of nitrogen fertilizer products for use in agricultural and industrial markets. Its nitrogen products include anhydrous ammonia, a form of nitrogen fertilizer and the feedstock for the production of other nitrogen fertilizers, such as urea ammonium nitrate solutions (UAN). Terra also produces UAN by combining urea solution and ammonium nitrate solution. It sells its products primarily in the Central and Southern Plains and Corn Belt regions of the United States.

US Shipping Partners LP (USS) 399 Thornall Street 8th Floor Edison, NJ 08837 732-635-1500 www.usslp.com Provides long-haul marine transportation services to oil and gas companies, primarily for refined petroleum products in the United States. It also engages in the coastwise transportation of petrochemical and commodity chemical products. Fleet consists of ten tank vessels, including six integrated tug barge units, one product tanker, and three chemical parcel tankers.

Master Limited Partnership Mutual Funds Want to minimize risk with your MLP investment? Then check out MLP mutual funds. These closed-end funds trade stability and diversification for slightly lower yields than single MLPs sometimes offer—but with baseline yields so high, they’re still an attractive investment. Here are four funds to consider:

Energy Income And Growth Fund (FEN) First Trust Portfolios L.P. 1001 Warrenville Road Suite 300 Lisle, Il 60532 800-621-1675 www.ftportfolios.com (search ticker FEN) One of several First Trust funds, this fund’s investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders, generally on a quarterly basis.

Fiduciary/Claymore MLP Opportunity Fund (FMO) Claymore Advisors, LLC 2455 Corporate West Drive Lisle, IL 60532 888-991-0091 www.fiduciaryclaymore.com Under normal market conditions, this fund invests at least 80 percent of its managed assets in MLPs, and at least 65 percent in equity securities of MLP entities, primarily in the energy, natural resources, and real estate sectors.

Kayne Anderson MLP Investment Company (KYN) 1800 Avenue of the Stars 2nd Floor Los Angeles, CA 90067 877-MLP-FUND www.kaynemlp.com Invests at least 85 percent of total assets (including borrowings) in energy-related master limited partnerships and their affiliates.

Tortoise Energy Infrastructure Corp. (TYG) Tortoise Capital Advisors, L.L.C. 10801 Mastin Boulevard, Suite 222 Overland Park, KS 66210 866-362-9331 www.tortoiseadvisors.com/tyg.cfm One of several investment companies managed by Tortoise Capital Advisors, Tortoise Energy Infrastructure is designed to provide an efficient vehicle to invest in a portfolio of publicly traded master limited partnerships and their affiliates in the energy infrastructure sector.

Chapter 4: Many Happy Returns Earn Fast Profits with High-Yield Equities

Books, Web Sites, and Newsletters The 25% Cash Machine: Double Digit Income Investing by Bryan Perry (Wiley, 2007). Bryan Perry is an expert with many years’ experience in income investing. In this comprehensive book he lays out a plan for building fast profits with double-digit income investing, as well as an approach to building a very strong portfolio using a combination of income and growth. High-Yield Investing Published by: StreetAuthority.com P.O. Box 323 Williamsport, PA 17703-9966 (800) 796-8025 support@streetauthority.com Carla Pasternak and Paul Tracy’s High-Yield Investing is the single best source for information on every type of high-yield investment. Pasternak’s thorough research brings not only useful information on the principles behind high-yield investing, but also specific stocks, mutual funds, trusts, and so on that deserve serious consideration. For those interested in a dividend capture strategy, Pasternak also publishes a monthly list of companies that have announced plans to pay substantial dividends. The 25% Cash Machine In addition to the book, Bryan Perry provides a monthly newsletter with information about high-yield investing, as well as a blog, an online archive of past articles, and special reports. These are all a service of the ChangeWave investing information site. ChangeWave 2420A Gehman Lane Lancaster, PA 17602 888-225-9373 www.changewave.com/cashmachine Closed-End Fund Association: www.closed-endfunds.com If you’re interested in buying into closed-end funds as a way to earn high yields, this site is a great place to start. It offers a listing of hundreds of high-yield funds along with their return rates, net asset values, and other useful information. The site is not just limited to high-yield funds—this is a great place to start your research into any type of closed-end fund.

The Investor’s Guide to Closed-End Funds This newsletter from closed-end experts Thomas J. Herzfeld Advisors is available both as a print publication and online. Thomas J. Herzfeld Advisors, Inc. PO Box 161465 Miami, FL 33116 305-271-1900 www.herzfeldresearch.com Roger Conrad’s Utility Forecaster (for utilities) 7600A Leesburg Pike West Building Suite 300 Falls Church, VA 22043 (703) 394-4931 www.utilityforecaster.com If you’re interested in investing in utilities, then this newsletter is a worthwhile investment, full of information about every type of utility investment, in the United States and abroad. Roger Conrad knows this traditionally high-yield industry like no one else. National Association of Real Estate Investment Trusts (NAREIT): www.nareit.com For REIT investing Similar to the Closed-End Fund Association site, only for REITs, this Web site offers listings of REITs, their ticker symbols, and basic information, as well as general information and topical articles on REIT investing. National Association of Development Companies: www.nadco.org For Business Development Corporation (BDC) investing This Web site is for the benefit of the association, and also to allow small business owners seeking funding an easy way to find an appropriate company. It offers a list of BDCs by state, though little or no investment information.

Chapter 5: DRIPing Your Way to Wealth Books and Newsletters All About DRIPs and DSPs by George C. Fisher (McGraw-Hill, 2001). One of the very few books to focus on DRIPs and direct investing, this book offers a good grounding in the topic, explains in detail how DRIPs work, and provides a list of sixteen DRIPs that (at the time it was written) had shown a ten-year annual return rate of 20 percent and increasing dividends. Buying Stocks Without a Broker and No-Load Stocks by Charles B. Carlson (McGraw-Hill, 1996). These are classic books about DRIPs and DIPs by the editor of The DRIP Investor newsletter. Carlson provides a directory of DRIP plans and model portfolios of DRIPs, and he explains how to buy stocks directly from issuing companies without fees. The Moneypaper www.moneypaper.com (800) 388-9993 The Moneypaper covers more than just DRIPs, but it is considered the premier source for learning about DRIP investing. The Moneypaper is affiliated with Temper of the Times, which, through Temper Enrollment Service, helps people enroll in DRIPs and provides an online database of DRIP offerings. Drip Investor 7412 Calumet Avenue Hammond, IN 46324 219-852-3200 www.dripinvestor.com This newsletter, edited by investment expert Chuck Carlson, offers information on a wide variety of DRIPs, and also offers an online archive of past issues, commentary on many DRIPs and industries, and online message boards where subscribers can trade information. Web Sites / Services DirectInvesting.com: www.directinvesting.com This site is affiliated with The Moneypaper and provides basic information about DRIPs. The real draw, though, is the database of DRIP companies, searchable by many different criteria, ranging from industry, to the rate of dividends paid, to what kind of fees they charge. You can also use this site to access Temper Enrollment Service, which will enroll you in any of 1,300 DRIPs, for a $50 fee ($25 for Moneypaper subscribers). Temper also offers its own mutual fund, named MP63, which invests in Temper’s index of DRIP stocks, taking advantage of dividend reinvestment and offering diversification at the same time. (The name MP63 came about because there are 63 companies in the index.)

King Investors: www.kinginvestors.citymax.com P.O. Box 619 104 Evans Street La Crosse, Virginia 23950 866-831-5817 Offers a direct stock purchase plan enrollment service to facilitate direct investing, dividend reinvestment, and optional stock purchases. ShareBuilder: www.sharebuilder.com This is another site for DRIP investing. It also provides what some call a “pseudo-DRIP”—dividend reinvestment plan created by brokerages and other financial companies to mimic a traditional DRIP, providing dividend reinvestment and automatic purchases for companies that don’t offer DRIPs themselves. The DriP Investing Resource Center: www.dripinvesting.org This is a great place to learn a lot about DRIP investing. The site is a clearinghouse for DRIP expertise, with links to dozens of articles as well as message boards for discussing DRIP investing and strategies for figuring out how much to invest in each.

Discount DRIP List This list of twenty-six companies with discount dividend reinvestment plans was compiled courtesy of The Moneypaper’s DRIP site, www.directinvesting.com. I’ve listed DRIPs that offer discounts on direct purchases, dividend reinvestments, or both, because I believe these discounts make particularly attractive investments. But subscribers to the site can search a number of different ways—for DRIPs with historic yield rates of three percent or more, for instance, or by industry.

In addition to providing the address, ticker symbol, phone number, and Web site for these companies, I’ve also included some basic information on each company’s reinvestment plan. For instance, most plans (all except one in this list) require you to own only one share, registered in your own name, before you can join the plan, but some also allow investors who aren’t shareholders to join the plan with a minimum direct investment. Some provide an automatic investment option, allowing for automatic deductions (usually once a month) from your bank account. All plans have a minimum investment requirement, and all in this list offer discounts on direct purchases or reinvestments, usually both. At least, some of the time. You will note that a few plans show discount amounts in a range whose low end is zero, such as 0–5 percent. This means the company may offer a discount on purchases or reinvestments at certain times or under certain circumstances. Please review the company’s DRIP prospectus (usually available through its Web site) for details on these types of discounts.

Access National Corp. (NASDAQ Symbol: ANCX) 1800 Robert Fulton Drive Suite 300 Reston, VA 20191 703-871-2100 www.accessnationalbank.com Industry: Banking

Shares to Qualify for DRIP: 1 Minimum Investment: $150 Auto Investment Available Discount on Cash: 0–5 percent Discount on Dividend: 0–5 percent

Anthracite Capital (NYSE Symbol: AHR) 345 Park Avenue New York, NY 10154 212-810-3333 ahr.blackrock.com Industry: REIT (Real Estate Investment Trust)

Shares to Qualify for DRIP: 1 (or $250 direct investment) Minimum Investment: $100 Auto Investment Available Discount on Cash: 2 percent Discount on Dividend: 2 percent

Anworth Mortgage Asset Corp. (NYSE Symbol: ANH) 1299 Ocean Avenue Suite 250 Santa Monica, CA 90401 310-255-4493 www.anworth.com Industry: REIT

Shares to Qualify for DRIP: 1 (or $1,000 direct investment) Minimum Investment: $50 Auto Investment Available Discount on Cash: 0–5 percent Discount on Dividend: 5 percent

Archstone-Smith (NYSE Symbol: ASN) 7670 South Chester Street Suite 100 Englewood, CO 80112 800-982-9293 www.archstonecommunities.com Industry: REIT

Shares to Qualify for DRIP: 1 Minimum Investment: $200 Auto Investment Available Discount on Cash: 2 percent Discount on Dividend: none

BRT Realty Trust (NYSE Symbol: BRT) 60 Cutter Mill Road Great Neck, NY 11021 516-466-3100 www.brtrealty.com Industry: REIT

Shares to Qualify for DRIP: 1 Minimum Investment: $100 No Auto Investment Available Discount on Cash: 2 percent Discount on Dividend: 2 percent

CapitalSource, Inc. (NYSE Symbol: CSE) 4445 Willard Avenue 12th Floor Chevy Chase, MD 20815 800-370-9431 www.capitalsource.com Industry: Financial Services

Shares to Qualify for DRIP: 1 (or $100 direct investment) Minimum Investment: $100 Auto Investment Available Discount on Cash: 2 percent Discount on Dividend: 2 percent

Colonial Properties Trust (NYSE Symbol: CLP) 2101 6th Avenue North Suite 750 Birmingham, AL 35203 800-645-3917 www.colonialprop.com Industry: REIT

Shares to Qualify for Drip: 1 (or $200 direct investment) Minimum Investment: $25 Auto Investment Available Discount on Cash: 3 percent Discount on Dividend: 3 percent

Education Realty Trust Inc. (NYSE Symbol: EDR) 530 Oak Court Drive Suite 300 Memphis, TN 38117 www.educationrealty.com Industry: Student Housing REIT

Shares to Qualify for DRIP: 1 (or $300 direct investment) Minimum Investment: $300 Auto Investment Available Discount on Cash: 1.5 percent Discount on Dividend: 1.5 percent

Equity Lifestyle Properties, Inc. (NYSE Symbol: ELS) 2 North Riverside Plaza Suite 800 Chicago, IL 60606 800-247-5279 www.mhchomes.com Industry: REIT

Shares to Qualify for DRIP: 1 (or $100 direct investment) Minimum Investment: $250 No Auto Investment Available Discount on Cash: 0–5 percent Discount on Dividend: none

First National Community Bancorp Inc. (OTC Symbol: FNCB) 102 East Drinker Street Dunmore, PA 18512-2491 570-348-6438 www.fncb.com Industry: Bank Holding Company

Shares to Qualify for DRIP: 1 Minimum Investment: $100 No Auto Investment Available Discount on Cash: 5 percent Discount on Dividend: 5 percent

Health Care Property Investors, Inc. (NYSE Symbol: HCP) 3760 Kilroy Airport Way Suite 300 Long Beach, CA 90806 888-604-1990 www.hcpi.com Industry: REIT

Shares to Qualify for DRIP: 1 (or $750 direct investment) Minimum Investment: $100 Auto Investment Available Discount on Cash: 0–5 percent Discount on Dividend: 0–5 percent

Health Care REIT (NYSE Symbol: HCN) 1 SeaGate Suite 1500 Box 1475 Toledo, OH 43603-1475 419-247-2800 Industry: REIT

Shares to Qualify for DRIP: 1 (or $1,000 direct investment) Minimum Investment: $50 No Auto Investment Available Discount on Cash: 4 percent Discount on Dividend: 4 percent

Marathon Oil Corporation (NYSE Symbol: MRO) 5555 San Felipe Road Houston, TX 77253 713-296-1996 www.marathon.com Industry: Oil & Gas

Shares to Qualify for DRIP: 1 (or $500 direct investment) Minimum Investment: $50 Auto Investment Available Discount on Cash: 0–3 percent Discount on Dividend: 0–3 percent

Monmouth REIT (NASDAQ Symbol: MNRTA) 3499 Rt. 9 North Suite 3-C Freehold, NJ 07728 732-577-9996 www.mreic.com Industry: REIT

Shares to Qualify for DRIP: 1 Minimum Investment: $500 No Auto Investment Available Discount on Cash: 5 percent Discount on Dividend: 5 percent

Nationwide Health Properties Inc. (NYSE Symbol: NHP) 610 Newport Center Drive Suite 1150 Newport Beach, CA 92660 949-718-4407 www.nhp-reit.com

Shares to Qualify for DRIP: 1 (or $750 direct investment) Minimum Investment: $100 Auto Investment Available Discount on Cash: 2 percent Discount on Dividend: 2 percent

OceanFirst Financial Corp. (NASDAQ Symbol: OCFC) 975 Hooper Avenue Toms River, NJ 08754-2009 732-240-4500 www.oceanfirst.com Industry: Bank Holding Company

Shares to Qualify for DRIP: 1 Minimum Investment: $100 No Auto Investment Available Discount on Cash: 3 percent Discount on Dividend: 3 percent

Parkway Properties Inc. (NYSE Symbol: PKY) 1 Jackson Place Suite 1000 188 East Capitol Street Jackson, MS 39225 601-948-4091 www.pky.com Industry: REIT

Shares to Qualify for DRIP: 1 (or $100 direct investment) Minimum Investment: $100 Auto Investment Available: Yes Discount on Cash: 3 percent Discount on Dividend: 3 percent

Pennsylvania Commerce Bancorp, Inc. (NASDAQ Symbol: COBH) 100 Senate Avenue Box 8599 Camp Hill, PA 17011-8599 717-975-5630 www.commercepc.com Industry: Bank Holding Company

Shares to Qualify for DRIP: 1 Minimum Investment: $100 No Auto Investment Available Discount on Cash: 3 percent Discount on Dividend: 3 percent

Pulaski Financial Corp. (NASDAQ Symbol: PULB) 12300 Olive Boulevard St. Louis, MO 63141-6434 314-878-2210 www.pulaskibankstl.com Industry: Banking

Shares to Qualify for DRIP: 5 Minimum Investment: $250 Auto Investment Available Discount on Cash: 2 percent Discount on Dividend: 2 percent

Redwood Trust, Inc. (NASDAQ Symbol: RWT) One Belvedere Place Suite 300 Mill Valley, CA 94941 415-389-7373 www.redwoodtrust.com Industry: REIT

Shares to Qualify for DRIP: 1 (or $100 direct investment) Auto Investment Available Discount on Cash: 0–2 percent Discount on Dividend: no

SL Green Realty Corp. (NYSE Symbol: SLG) 420 Lexington Avenue New York, NY 10170 212-216-1601 www.slgreen.com Industry: REIT

Shares to Qualify for DRIP: 1 Minimum Investment: $250 No Auto Investment Available Discount on Cash: 3 percent Discount on Dividend: 3 percent

South Jersey Industries, Inc. (NYSE Symbol: SJI) One South Jersey Plaza Folsom, NJ 08037 609-561-9000 x 4321 www.sjindustries.com Industry: Utility-Gas

Shares to Qualify for DRIP: 1 (or $100 direct investment) Minimum Investment: $25 No Auto Investment Available Discount on Cash: 2 percent Discount on Dividend: 2 percent

Sovran Self Storage, Inc. (NYSE Symbol: SSS) 6467 Main Street Buffalo, NY 14221 716-633-1850 www.sovranss.com Industry: REIT

Shares to Qualify for DRIP: 1 (or $100 direct investment) Minimum Investment: $100 No Auto Investment Available Discount on Cash: 2 percent Discount on Dividend: 2 percent

State Bancorp, Inc. (NASDAQ Symbol: STBC) 699 Hillside Avenue New Hyde Park, NY 11040 516-437-1000 www.statebankofli.com Industry: Bank Holding Company

Shares to Qualify for DRIP: 1 Minimum Investment: $100 No Auto Investment Available Discount on Cash: 5 percent Discount on Dividend: 5 percent

Thornburg Mortgage, Inc. (NYSE Symbol: TMA) 150 Washington Avenue Suite 302 Santa Fe, NM 87501 505-989-1900 www.thornburg.com Industry: REIT

Shares to Qualify for DRIP: 1 (or $500 direct investment) Minimum Investment: $100 Auto Investment Available Discount on Cash: 0–5 percent Discount on Dividend: 0–5 percent

Ventas Inc. (NYSE Symbol: VTR) 10350 Ormsby Park Place Suite 300 Louisville, KY 40223 502-357-9000 www.ventasreit.com Industry: Health Care REIT

Shares to Qualify for DRIP: 1 (or $250 direct investment) Minimum Investment: $250 No Auto Investment Available Discount on Cash: 2 percent Discount on Dividend: 2 percent

Source: www.directinvesting.com

Chapter 6: Bonds and More Bonds Chapter 7:Hedging Your Bets with Options

Resources / Books Thomas J. Herzfeld Advisors is a leading source of comprehensive information about closed-end funds. The firm publishes the monthly Investor’s Guide to Closed-End Funds, which has complete details on all closed-end bond funds. PO Box 161465 Miami, Florida 33116 305-271-1900 www.herzfeld.com Websites:

• www.bondtrac.com • www.emuni.com (information about municipal bonds)

Options as a Strategic Investment, 4th edition, by Lawrence G. McMillan, (FT Prentice Hall, 2001). A well-regarded advanced discussion of option strategies. Options Made Easy, 2nd edition, by Guy Cohen (FT Prentice Hall, 2005). A clear and easy-to-understand guide to profitable trading enhanced by effective diagrams. The New Options Market, 4th edition, by Max Ansbacher (Wiley, 2000). The “bible of options books,” includes illustrations and Web site suggestions. Getting Started in Options, 6th edition, by Michael C. Thomsett (Wiley 2005). An excellent primer. Options Trading for the Conservative Investor, by Michael C. Thomsett, (FT Prentice Hall, 2005). Focuses on conservative options strategies. Highly recommended. Magazine/Newsletter Futures & Options Trader Magazine (www.futuresandoptionstrader.com) Investor Web Sites Offering Educational, Stock Screening, and Other Options-Related Tools and Services. InvesTools (www.investools.com) GainsKeeper (www.gainskeeper.com) Investors Edge (www.investorsedge.com) Options Industry Council 1 North Wacker Drive Suite 500 Chicago, IL 60606 (312) 463-6193 www.888options.com Educates the investing public and brokers about exchange-traded options.

Chapter 8: Money Makes the World Go Round: Earning Fast Profits from Foreign Exchange

Books Getting Started in Currency Trading: Winning in Today’s Hottest Marketplace by Michael Duane Archer and James Lauren Bickford (Wiley, 2005). This is a good book that gives you an overview of the currency markets and how they work, and a start toward developing your own currency trading strategies. Foreign Exchange: A Practical Guide to the FX Markets by Tim Weithers (Wiley Finance, 2006). Weithers uses his many years of experience as an economics professor and international bank executive to help you navigate the Forex market successfully. He explains the basic elements of the foreign exchange market, including major currencies, bid-ask spreads, and the importance of interest rates. He helps you look beyond the noise of news reports when you are trading and avoid some of the most common mistakes made by investors. Forex Conquered: High Probability Systems and Strategies for Active Traders by John L. Person (Wiley Trading, 2007). Person has thirty years of experience in foreign exchange, and in this book he explains how to develop a winning trading system. He describes such technical trading tools as candlestick charting, Elliot wave theory, and Fibonacci price indicators to help you make profitable trades. Forex Revolution: An Insider’s Guide to the Real World of Foreign Exchange Trading by Peter Rosenstreich (Financial Times Prentice Hall Books, 2005). Longtime trader Rosenstreich offers students and investors a complete, practical guide to Forex trading, including risks and pitfalls. He describes fundamental and technical trading strategies and tells you how to employ the discipline needed to make these strategies effective. He explains all of the different Forex investment possibilities, including currency futures, options, and swaps. The Complete Idiot’s Guide to Foreign Currency Trading by Gary Tilkin and Lita Epstein (Alpha, 2007). The concise, easy-to-follow guide by foreign exchange expert Tilkin and journalist Epstein explains the Forex market and provides tips on successful trading strategies. An interactive instructional CD is included, which allows readers to log on to the Global foreign Trading Web site and learn the process of currency trading with virtual trading. The 10 Essentials of Forex Trading by Jared Martinez (McGraw-Hill, 2007). Trading expert Martinez reveals his forecasting methods and trading strategies so you can profitably relate market movements to trading patterns. Software/Courses

Forex.com offers free practice accounts, mini-lots, and a user-friendly, easy-to-follow interface. It’s a good way to get a handle on how Forex trading actually works. 44 Wall Street New York, New York 10005 877-367-3946 4X Made Easy 15601 Dallas Parkway Addison, Texas 75001 888-304-8881 www.4x.wizetrade.com In addition to providing an interface, 4X Made Easy software and training combined help you follow a trend trading strategy—short-, medium-, or long-term—with a system that makes it easy to spot trends and know when to get out. Ongoing streaming video over the Internet lets you connect with the experts, as well as other traders like yourself, to learn how to make the most of your account. PremiereTrade Forex Suite 1020, 220 East Central Parkway Altamonte Springs, FL 32701 800-821-7325 or 800-785-7423 www.premieretradeforex.com PremiereTrade is a gateway to the spot Forex market and provides education and support for traders, including ongoing financial market reports and a daily radio show about the Forex market. The company offers the FXDD Trader platform to give you direct access to the Forex market.

Chapter 9: Tapping into Cash Flow Books Cash in on Cash Flow: How to Make Full Time Income with Part Time Effort in America’s Hottest New Business by Laurence J. Pino (Simon & Schuster, 1998). Pino, the father of the cash flow industry, explains how to tap into the multiple opportunities available in the cash flow business in this classic work. He gives detail on profiting from structured insurance settlements, lotteries, real estate notes, and much more. Factoring Fundamentals: How You Can Make Large Returns in Small Receivables by Jeff Callender (Soundview Funding Corp., 2003). Factoring (buying cash flow from invoices and accounts receivable) is only one aspect of the cash flow business, but if you think it might be right for you, this book can help you get started. It provides a detailed introduction on the benefits and risks of factoring, and how small investors can get started. Winning the Cash Flow War: Your Ultimate Survival Guide to Making Money and Keeping It by Fred Rewey (Wiley, 2005). Rewey, the president of the American Cash Flow Association, offers a practical guide to turning the corner from paying everyone all the time to getting paid instead. He discusses all the major ways to get involved in the cash flow business for maximum profit. Web Sites,Courses, and Newsletters American Cash Flow Institute/American Cash Flow Association American Cash Flow Corporation 255 South Orange Avenue Suite 600 Orlando, FL 32801 800-253-1294 www.americancashflow.com This is the Web site for the American Cash Flow Institute and Association. Membership in the association is available to graduates of the institute’s three-day (or home study) course. ACFA is the first and largest association for the cash flow industry, and holds an annual cash flow convention, where funding sources exhibit offering cash for brokered deals. Dash Point Financial Services, Inc. PO Box 25591 Federal Way, WA 98093-2591 253-925-1948 www.dashpointfinancial.com Dash Point is owned by Jeff Callender, and specializes in factoring for very small businesses, and it might be a very good fit if you are interested in factoring and know or can meet many small business owners in your community.

Pinnacle Investing 575 West Chandler Boulevard Suite 220 Chandler, AZ 85225 888-736-5353 www.pinnacle-investments.com Pinnacle investments focuses on buying and selling mortgage notes, and in training consultants in this lucrative market. The firm is run by Troy Fullwood, and in addition to working with consultants on deals, also offers Troy’s Power of Paper course, which regularly sells out in cities across the country and even abroad. Pinnacle also publishes Straight Talk, a free e-mail newsletter for real estate investors, at www.straighttalkforrealestateinvestors.com. NoteWorthy Newsletter www.notweworthyusa.com or (800) 487-1864 Like ACFA, NoteWorthy offers classes, books, an annual convention, and an active Web site. You can sign up for individual courses, as well as the NoteWorthy Newsletter. The Paper Source Journal www.papersourceonline.com or (800) 487-1864 This journal offers a print and online listing of companies that buy notes and funding sources, as well as books and e-books, and home study courses to help brokers get started in the cash flow industry.

Chapter 10: Profit by Doing Nothing

Passive Income Strategy Resources: Vending Machines Cash Locations: A Step-by-Step Guide to Securing the Best Money--Making Locations for Your Vending Machine by Ronnie Talent (BooksOnStuff downloadable PDF file from Amazon.com, 2005). Talent reveals a methodology to identify and secure the best locations for your vending machines. He describes how to “piggyback” locations, so when you get one machine placed, it can lead to several more lucrative locations. He also explains how to expand your vending machine company to include different types of vending equipment. Entrepreneur Magazine’s Start Up: Start Your Own Vending Business by Anne Rawland Gabriel (Entrepreneur Press, 2003). This is a good guide for people starting out in the vending business, and covers such issues as whether to buy new or used machines, which types of products sell best, where to get supplies, and how to get the best placements for your machines. Vending Success Secrets—How Anyone Can Grow Rich in America’s Best Cash Business! by Bill Way (Freedom Technology Press, 2000). Way is an expert in the vending business, and this book guides you on all the do’s and don’ts to create your own successful vending business. Locaters VendingGuy.com www.vendingguy.com 604-839-2980 This is David Gileo’s business, which specializes in finding locations for vending machines, freeing machine owners to concentrate on servicing existing accounts. Your Vending Machine Locator 717 Lizzie Street Taylor, TX 76574 512-352-7694 This is something of a pay-as-you-go locator that will find locations on a week-by-week basis, only collecting money for locations once they’re found and awaiting your machine. Association National Automatic Merchandising Association www.vending.org 20 North Wacker Drive Suite 3500 Chicago, IL 60606 Phone: (312) 346-0370 Fax: (312) 704-4140 This organization covers every aspect of the vending industry and offers education, publications, and regular conferences and other events

Resources: ATM and Point-of-Sale Machines Money Express www.monexgroup.com 71 Silton Road, Unit 3 Woodbridge, Ontario L4L 7Z8 Canada (866) 286-7787 ATMmarketplace.com www.atmmarketplace.com This Web site for industry insiders covers every aspect of the ATM industry, including how to operate an ATM successfully, a comparison guide for different brands of machines, and current news affecting banking and ATMs. There’s also a classified section for buying (or selling) machines. Resources: Investing in Timeshares The Everything Family Guide to Timeshares: Buy Smart, Avoid Pitfalls, and Enjoy Your Vacations to the Max! by Kim Kavin (Adams Media, 2005). This book offers readers detailed information on negotiating a timeshare contract, as well as how to exchange timeshares for other vacation travel. Timeshare User’s Group www.tug2.net This is a great place to learn everything about the timeshare industry—much of it from timeshare owners themselves. There are helpful articles on buying and selling timeshares, and everything in between. There are also classified listings for buying, selling, renting, or exchanging timeshares. RedWeek.com www.redweek.com Huge listings of timeshares for sale, resale, rental, or exchange, along with user reviews of resorts. Vacation Timeshares and Rentals www.vacationtimesharerentals.com Online marketplace for those who want to sell, buy, or rent timeshares. Rii® Stroman Timeshare Reseller www.stroman.com Real Estate broker specializing in reselling timeshares, and one of the largest selections of timeshares for sale in the industry.

Resources: Investing in Payday Loan Stores To learn more about investing in payday loan bonds, and other Freedom Investment Club offerings, contact: Freedom Investment Club www.ficinvestors.com 555 West Hastings Street P.O. Box 12091 Vancouver, BC V6B 4N5 Canada (877) 258-2342 ext. 2054 To learn more about the payday loan industry: Community Financial Services Association of America www.cfsa.net 515 King Street Suite 300 Alexandria, VA 22314 (703) 684-1029 Profiting from Internet Advertising: Affiliate Programs Google AdSense www.google.com/adsense The first and largest of the ad-based affiliate programs, AdSense is easily accessible to anyone, and perhaps the easiest program to use. It’s a good starting place if you want to test out your Web site’s earning potential. Yahoo! Affiliate Program http://advertising.yahoo.com/affiliate_programs/ Yahoo! is Google’s chief competitor, and in its affiliate program, you provide links to its product across your Web site and earn commissions when users click through. PPCProfitMachine www.ppcprofitmachine.com PPCProfitMachine integrates ad feeds from several pay-per-click advertisers and feeds them to your site in order of highest-paying commissions—and creates search-engine-friendly content on your site, making it easier for users to find you in the first place. Amazon Associates http://affiliate-program.amazon.com/gp/associates/join Perhaps the oldest affiliate program on the Internet, Amazon Associates works when users click through the associates’ link and buy products from Amazon. Amazon pays the site owner a commission of up to 10 percent.

eBay Affiliate Program http://affiliates.ebay.com Similar to Amazon’s program, eBay will pay you for every “active” user that comes to its site through yours, and will also pay you commissions on products users buy after arriving from your site. Associate Programs www.associateprograms.com This site offers a wealth of information on everything you need to know about online affiliate programs, including special guides and articles aimed at beginners and listings of affiliate programs.